Some ten years ago, Russians could open an account abroad only with the permission of the Central Bank of the Russian Federation, or living in another country. Times have changed, now an individual can freely choose any bank in countries recognized by the Central Bank of the Russian Federation as reliable.
Before you open an account with a foreign bank, you need to find out everything about its capabilities. Firstly, an excellent chance is given to entrust your funds to one of the most reliable world banks, and not limited to Russian financial institutions. Secondly, the savings will be protected from the devaluation of the national currency. It should be noted that the interest on accounts compared to Russian banks abroad is much lower. The tax service of the Russian Federation will not be able to freely control deposits, but upon request, foreign banks are nevertheless required to provide all the necessary data.
Before you open an account with a bank, you need to understand that it can only be used for expenses or savings. For example, American banks are more profitable for expenses. The procedure for opening an account can take up to three months, all this time the organization will spend on checking the identity of the client.
There are only two ways to open a bank account. The first is the personal presence of the client with a full package of documents in the bank office. The second way is to transfer all powers to open an account to an intermediary company. In this case, the client should only provide samples of his signature, it is not necessary to attend in person.
There is also a third way, how to open a bank account - on the Internet. But it is acceptable only to those who live in that country. For non-residents, this option is completely unsuitable. Today, many foreign banks cautiously accept foreign customers, there are even those that have put Russia on the black list, respectively, Russian citizens in such financial institutions are not able to open an account.
Before opening an account with an American bank, in most cases it is necessary to have an SSN, an
identity card. You will also have to fill out a special questionnaire, answering standard questions about whether there are real estate, open accounts in other banks, what is the composition of the family, place of work, etc. They may also be asked to provide a receipt on which the client's address of residence would be indicated.
Many foreign financial institutions place any restrictions that they will not hurt to find out about before opening a bank account. For example, in order not to pay monthly for account maintenance, you need to keep a certain amount of money on the balance sheet or belong to a specific social group.
Some entrepreneurs are interested in the question of how to open an account with a bank in order to conceal income from the tax service of the Russian Federation. You can immediately forget about this, as many institutions have begun an intensified fight against
money laundering. They look suspiciously at customers who often receive large sums from
the CIS countries. The person will either have to explain where he got such income from, or the bank simply blacklisted it and deleted it from its customers.
Opening an account with a foreign bank is not difficult, you just have to go through a certain registration procedure. It will be easier for those who have small amounts of money, since some problems may arise with a highly profitable business.